RBI announced a repo rate rate cut of 25 basis points to 6.50 per cent on Tuesday in its monetary policy review as widely expected. However, the central bank kept the cash reserve ratio unchanged at 4 per cent.

RBI monetary policy review: Raghuram Rajan. (Photo: Reuters)

Reserve Bank of India Governor Raghuram Rajan announced a repo rate cut of 25 basis points to 6.50 per cent on Tuesday in its monetary policy review as widely expected. However, the central bank kept the cash reserve ratio (CRR) unchanged at 4 per cent.